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Nat le Roux, chairman of Scotgold said the “additional strength and depth of experience” the two men will bring “will greatly assist us as we bring Cononish on stream and look to future growth for the company".

Last month Scotgold raised £9m to fund the development in the wake of winning planning approval in February.

With existing cash reserves, the company said it now believes it has sufficient funds to build the Cononish gold mine, execute a planned exploration programme and meet ongoing working capital needs.

At full capacity, the Cononish mine is expected to produce on average approximately 23,500 equivalent ounces of gold per annum.